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Executive and Legislative documents laid before the General Assembly of North-Carolina [1868; 1869]

186S-'69.] Document No. 24.
III. STAMPS AND REGISTRATION.
I am blamed because I accepted the Williamston and Tar-boro'
Eail Road mortgage without its being stamped under
the United States internal revenue law.
Again I am blamed because I accepted the Chatham Rail
Road mortgage without requiring the same to be stamped, and
without seeing that it was first actually registered in the office
of the Secretary of State, and it is intimated that I was " inde-riently
hurried " into a premature delivery of bonds to these
Companies.
In answering these allegations, it is only necessary to state
particularly my action in regard to the Chatham Rail Road
mortgage as the case of the former Company is covered by the
same principle. The mortgage of the Cliatham Rail Road
'Company was tendered to me on October 19th, 1868, over two
••months after the ratification of the act authorizing the issue,
which was on August 15th. Application for the bonds of the
•Williamston and Tarboro' Rail Road Company, the President
inaking the certificate required by law, was not made until
November 11th, nearly three months after the passage of the
law relating to that Company.
These dates, showing two months' delay in one case and
•nearly three months' delay in the other, efliectually disprove
the allegation that my action has been influenced by the vo-racity,
pertinaaity and indecent haste of parties to obtain pos-session
of our l)onds at the very earliest moment.
"When the Chatham Rail Road mortgage was presented and
the bonds requested in exchange for the Company bonds, I
directed my chief clerk to take it to the office of the Secretary
of State for registration. The mortgage was delivered and
my chief clerk was informed that it " would be ready in half
an hour."
Being assured that registration would be completed in that
time, I authorized the exchange to be effected.

186S-'69.] Document No. 24.
III. STAMPS AND REGISTRATION.
I am blamed because I accepted the Williamston and Tar-boro'
Eail Road mortgage without its being stamped under
the United States internal revenue law.
Again I am blamed because I accepted the Chatham Rail
Road mortgage without requiring the same to be stamped, and
without seeing that it was first actually registered in the office
of the Secretary of State, and it is intimated that I was " inde-riently
hurried " into a premature delivery of bonds to these
Companies.
In answering these allegations, it is only necessary to state
particularly my action in regard to the Chatham Rail Road
mortgage as the case of the former Company is covered by the
same principle. The mortgage of the Cliatham Rail Road
'Company was tendered to me on October 19th, 1868, over two
••months after the ratification of the act authorizing the issue,
which was on August 15th. Application for the bonds of the
•Williamston and Tarboro' Rail Road Company, the President
inaking the certificate required by law, was not made until
November 11th, nearly three months after the passage of the
law relating to that Company.
These dates, showing two months' delay in one case and
•nearly three months' delay in the other, efliectually disprove
the allegation that my action has been influenced by the vo-racity,
pertinaaity and indecent haste of parties to obtain pos-session
of our l)onds at the very earliest moment.
"When the Chatham Rail Road mortgage was presented and
the bonds requested in exchange for the Company bonds, I
directed my chief clerk to take it to the office of the Secretary
of State for registration. The mortgage was delivered and
my chief clerk was informed that it " would be ready in half
an hour."
Being assured that registration would be completed in that
time, I authorized the exchange to be effected.